This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
Lower than Average In-State Tuition. Out-of-state tuition for Texas Tech School of Medicine is currently $29,346. This school is cheaper for applicants who are residents of Texas, for whom tuition costs $16,246, and thus pay $13,100 less than non-residents.50 new students matriculated in the most recent first-year medical school class. Admissions. Students admitted to Texas Tech School of Medicine typically have an undergraduate GPA between 3.41 and 3.98 and have a median MCAT score of 32 out of 45 possible points.